Graycliff Exploration Announces AGM Results

Graycliff Exploration Limited held its Annual General Meeting on March 30, 2026, with all proposed matters receiving shareholder approval. The company's 8.8 million entitled shares voted to fix the board at five directors, with James Macintosh, Arndt Roehlig, Julio DiGirolamo, Bruce Durham, and Jason Baker elected to serve until the next annual meeting. Clearhouse LLP was reappointed as auditors with the board authorized to set their compensation.

Concurrently, Graycliff announced positive momentum in its financing activities, with its previously announced private placement becoming oversubscribed. The company increased the placement size to $650,000 from the original $600,000 target. Each unit consists of one common share and half a warrant exercisable at $0.18 per share for one year from issuance.

Graycliff operates the Shakespeare Project, a 1,468-hectare gold exploration property located 80 kilometers west of Sudbury on the Canadian Shield. The project encompasses the historic Shakespeare Gold Mine site and includes one crown patented lease, two crown leases, and 40 claims. The company has completed over 12,500 meters of drilling to date, with visible gold identified in multiple holes.

The successful AGM and oversubscribed financing reflect stable corporate governance and investor confidence in Graycliff's gold exploration activities in the prolific Sudbury region. The additional $50,000 raised provides enhanced financial flexibility for continued exploration work at the Shakespeare Project.